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Proposed Changes to the Remittance Basis of Taxation

Following the 2018 Budget, delivered by the Minister of Finance ea...

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Latest Job Vacancy

Aviation Executive

Integritas is recruiting a full-time Aviation Executive to develop...

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Maritime Services

The Malta Ship Register

Malta, a member of the European Union, located in the heart of the Mediterranean has developed one of the most reputable ship registers in the world, having the largest ship register in Europe and offering a wide array of international maritime services. Although previously notoriously known as a flag of convenience, the Malta flag has today become a flag of choice that many seek out as their main and first choice of flag. The Malta Ship Register was launched in the mid-1970s, although maritime tradition in Malta dates back thousands of years. The...

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VAT Treatment of Short-Term Yacht Chartering

The VAT Department in Malta has recently issued new guidelines regarding the treatment of VAT on short-term yacht charters. A short-term charter, in accordance to the guidelines is considered to be an agreement whereby the owner of the yacht contracts the use of the yacht for a consideration, either with a crew or on a bare boat basis. The short-term yacht charter, used for the purposes of leisure, is considered for VAT purposes to be a supply of a service which is taxable at a standard rate of VAT and the place of taxation is considered to be the...

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New Guidelines on VAT Treatment of Short-Term Yacht Chartering

The VAT Department in Malta has issued new guidelines on the VAT treatment of short-term Yacht Chartering, where the term of the charter does not exceed 90 days. A short term charter of a yacht is a supply of a service and is therefore treated at the standard rate of VAT. However the taxation of this supply of service shall be limited to the portion of ...

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